It is like jumping out of building from the 42nd floor and as you are passing the 23rd floor, you say “see everything is ok”.
Integration is always the problem. Here come the write-offs and lay-offs. Guys like these always start off smarter then the rest of us. They may be, they make millions while buying (always with someone else’s money!!!) every failing Agency/MGA. It only become a problem when the banks want their money back.
Non-standard is just bad business. Individuals can make it happen, especially if they are passionate about serving an “underserved” community and are fine for working hard at a lower average rate of pay. However it doesn’t make sense for a corporation, there is not enough of a margin in this and the business lacks stability (unless and individual has a strong relationship with the community).
Some of us in this company are worried about the future. Especially with the company having two lines: Standard and Non Standard. Insureone and Freeway. What happens when the equity firm comes knocking?
It is like jumping out of building from the 42nd floor and as you are passing the 23rd floor, you say “see everything is ok”.
Integration is always the problem. Here come the write-offs and lay-offs. Guys like these always start off smarter then the rest of us. They may be, they make millions while buying (always with someone else’s money!!!) every failing Agency/MGA. It only become a problem when the banks want their money back.
This same scam is run about every 10 years.
Non-standard is just bad business. Individuals can make it happen, especially if they are passionate about serving an “underserved” community and are fine for working hard at a lower average rate of pay. However it doesn’t make sense for a corporation, there is not enough of a margin in this and the business lacks stability (unless and individual has a strong relationship with the community).
Some of us in this company are worried about the future. Especially with the company having two lines: Standard and Non Standard. Insureone and Freeway. What happens when the equity firm comes knocking?